Walgreen (WAG) Offering Possible 22.85% Return Over the Next 19 Calendar Days

Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $60.50 short call and a strike $65.50 long call offers a potential 22.85% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.50 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $65.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Walgreen is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Walgreen is bearish.

The RSI indicator is at 33.07 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Walgreen

[$$] Walgreen Looks Healthy to Investors
Tue, 30 Sep 2014 04:43:47 GMT
The Wall Street Journal – Ahead of the Tape: Despite missteps including a $1.1 billion error in guidance, Walgreen's vital signs appear strong. The drugstore operator isn't out of the woods yet, however.

Full Walgreen Earnings Preview
Mon, 29 Sep 2014 18:58:54 GMT

How Will Walgreen (WAG) Stock Respond to its Fourth Quarter Earnings Results?
Mon, 29 Sep 2014 18:22:00 GMT

Walgreen To Report Q4 Amid Reimbursement Pressure
Mon, 29 Sep 2014 17:56:00 GMT

What to look for in Walgreen’s earnings
Mon, 29 Sep 2014 17:35:54 GMT

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